News Home Wednesday, May 04, 2022 03:09 PM | InvestorsObserver Analysts InvestorsObserver gives Litecoin an average long-term technical score of 43 from its… Source link

Bitcoin (BTC) price has been stuck in a falling wedge pattern for the past two months and during this time it has tested the $37,600 support on multiple instances.  Adding to this “bearish” price action, BTC is down 16% year-to-date, which is in line with the Russell 2000s performance. Bitcoin/USD 1-day chart at FTX. Source: TradingView The real driver of Bitcoin’s current price action is investors’ concerns about worsening macroeconomic conditions. Professional investors are worried… Source link

Coin Stories Podcast host Natalie Brunell weighs in, arguing that people should recognize the ‘the long-term value’ of bitcoin. Coin Stories Podcast host Natalie Brunell called bitcoin the “best savings technology that’s ever been invented” and said that she views the cryptocurrency as “a store of value.”   The Bitcoin educator made the comment on  “Varney & Co.,” reacting to Musk reportedly calling bitcoin “a liquid alternative to cash” in a recent Securities and Exchange… Source link

Text size Bitcoin recently has been trading in a relatively tight range around $40,000. Dreamstime … Source link

Bitcoin was trading marginally higher on Wednesday, as crypto markets returned to the green ahead of the Fed meeting. ETH also rebounded in today’s session, moving away from its long-term support level in the process. Bitcoin BTC was trading higher on Wednesday, as bulls re-entered the market ahead of today’s Federal Reserve rate decision. Following a floor of $37,585.62 during Tuesday’s session, BTC/USD rallied to an intraday peak of $39,095.11 earlier today. The move came as… Source link

It is always worthwhile to see how cryptocurrency trends evolve in the payments space. BitPay remains the leading crypto payment processor, making it a reliable provider of crucial industry metrics. Surprisingly, Litecoin represents nearly 15.5% of all payments in early 2022. BitPay Still Notes Healthy Volumes There were times when any company working with BitPay would make significant headlines. Cryptocurrencies have been shunned by the mainstream for several years, although things have… Source link

Yuri Molchan Litecoin hashrate has reached new historic peak; thanks in part to Dogecoin, LTC price goes up Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose. Founder of

“It would be an incredible surprise if the Fed didn’t lift rates by 50bp at this meeting – this is well priced, with the swaps market pricing 51bp of hikes – where we do see an issue is pricing around the June FOMC (Federal Open Market Committee) meeting, with a 25% chance of 75bp hike – this seems a tad lofty, but it has come down from 50% last week,” Chris Weston, head of research at Pepperstone, wrote in the Daily Fix newsletter. Source link

Bitcoin (BTC) saw classic “choppy” price action on May 4 with hours to go before fresh Federal Reserve cues. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bulls pin hopes on history Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced between support and resistance after hitting $37,600 on the evening of May 3. A subsequent bounceback saw the pair clip $39,000 at the time of writing, providing relief to low-timeframe traders at 4.1% off the… Source link

The altcoin market posted relatively high losses in the past few hours as Bitcoin saw a brief dip beneath the $38k mark, to post a low of $37.5k. This sent a ripple of fear across the market, but Bitcoin was attempting to flip $38k back to support at the time of writing. Litecoin, MANA, and Uniswap posted gains of around 3% during this bounce, but their market structure still had a bearish bias. Now, the question is- Can they break past the imminent resistance levels over the next 12… Source link